Recognized and trusted all across, all over and throughout.
RSRIR is ranked among the leading top-tier practices in Pakistan which is evident by recognition of the firm by all regulators and stakeholders.
RSRIR is included in top categories of all panels of auditors maintained by various regulatory authorities in Pakistan, including State Bank of Pakistan, Securities and Exchange Commission of Pakistan, Institute of Chartered Accountants of Pakistan, Audit Oversight Board, Pakistan Stock Exchange and Central Depository of Company of Pakistan.
State Bank of Pakistan maintains a panel of auditors, under Section 35 (1) of Banking Companies Ordinance, 1962, eligible to carry out audit of banking companies and financial institutions. The same panel is also followed by various other regulators for public interest entities. RSRIR is right there at the top in Category ‘A’ and is accordingly eligible to carry out audits of all banking companies and financial institutions.
Audit Oversight Board is the independent audit oversight board established to enhance the quality of audit of financial statements of public interest entities. Further, the Board undertakes comprehensive review and examination of the work of Quality Assurance Board of the Institute of Chartered Accountants of Pakistan. RSRIR is registered with the Board and thus eligible to conduct audits of public interest entities.
The Institute of Chartered Accountants of Pakistan regulates the profession of accounting in Pakistan. The Institute’s Quality Control Review is a key part of its regulatory framework, established to develop and maintain compliance of professional standards amongst the firms engaged in audits. RSRIR has maintained a Satisfactory Quality Control Review Rating since the inception of the program.
Securities and Exchange Commission of Pakistan regulates and supervises the corporate sector, capital markets, insurance companies, brokers, non-banking finance companies and other regulated entities. The Commission maintains a panel of auditors who are eligible to carry out audits of various regulatory entities. RSRIR is right there at the top in Category ‘A’ and is accordingly eligible to carry out audits all such regulated entities.
Pakistan Stock Exchange Limited maintains a panel of auditors for system audit of is members/brokers. The audit firms are included on the panel after evaluation over a stringent criteria established by the Exchange, including size of the firm, technical expertise of partners and staff, technology infrastructure etc. RSRIR is included on the PSX’s panel of auditors and accordingly is eligible to carry out system audits of its members.
Central Depository Company of Pakistan Limited was established as a securities depository and is the sole entity handling the electronic settlement of transactions carried out at the Pakistan Stock Exchange. The Depository maintains a panel of Auditors for compliance audits of issuers of securities. RSRIR is included on the panel and thus eligible to carry out compliance audits of issuers of securities.
Being recognized enables RSRIR to engage in audits of all kinds of regulated entities, including. banking companies and financial institutions, non-banking finance companies, securities brokers, insurance companies, public listed companies and economically significant entities.
